Increased taxation is a common solution to challenging economic times, but history shows that high tax rates benefit no-one. In this episode, legendary economist Dr. Arthur B. Laffer explains why higher taxes don’t promote prosperity and shares timeless principles to restore America’s economic success.
YOU WILL LEARN:
· How supply-side economics works.
· Why the patterns of America’s economic past predict its future.
· How entrepreneurs can prosper in this environment.
MENTIONED IN THIS EPISODE:
“Taxes Have Consequences,” by Dr. Arthur B. Laffer
“The Emigrant Edge,” by Brian Buffini
NOTEWORTHY QUOTES FROM THIS EPISODE:
“Whenever you redistribute income, you always reduce total income.” – Dr. Arthur B. Laffer
“There is no benefit to the poor of taxing the rich.” – Dr. Arthur B. Laffer
“If you tax the most productive members of society, they will not be able to lead you to prosperity.” – Dr. Arthur B. Laffer
“America is great because a small group of people of the entrepreneurial spirit are able to create new products and new developments that benefit the whole society.” – Dr. Arthur B. Laffer
“There's nothing more important than free trade - it's what causes the world to boom.” – Dr. Arthur B. Laffer
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